Food and Staples Retailing
Food Retail
The two black men, arrested a week ago at a Philadelphia Starbucks, tell ABC News they hope what happened to them never happens again.
JOHANNESBURG, April 19- South African retailer Pick n Pay Stores posted a 7.1 percent rise in full-year earnings on Thursday, as the grocer cut costs and increased productivity in store operations. Pick n Pay said headline earnings per share, the most widely used profit measure in South Africa that excludes some one-off items, rose to 276.98 cents in the year to...
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Food group Nestle confirmed its full-year guidance after organic sales growth accelerated to 2.8 percent in the first quarter of 2018, helped by improving volumes.
David Lee of Impossible Foods says the company's meatless burgers "will be everywhere."
Amazon has begun to make its physical presence known, buying the Whole Foods grocery chain last year and opening more than a dozen bookstores. Kohl's carved out space for Amazon shops in some of its department stores and Sears sells Kenmore appliances on Amazon.com. The new TVs are made by Toshiba and Best Buy Co.' s own brand, Insignia.
MIAMI— Target stores in Florida and Texas are now offering drive-up service. Other states with Target's drive-up service are Alabama, Georgia, Louisiana, Mississippi, Oklahoma and South Carolina. Walmart officers a similar drive-up service for groceries at some locations, but Target's service applies to any in-stock items at the store.
ZURICH, April 17- Nestle and European supermarket retailers are making progress toward settling a months-long price dispute but the Swiss food giant still needs to offer more concessions, German chain Edeka said on Tuesday. Nestle has for several months been facing off with AgeCore, a Geneva- based group representing six European retailers- including Edeka...
PARIS, April 17- French supermarket retailer Casino reported solid first-quarter sales on Tuesday, allowing it to keep its full-year profit goals on track thanks to accelerating sales at its French hypermarkets and signs of improvement in Brazil. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016, is under pressure to show it can revive...
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ZURICH, April 17- Swiss food group Nestle and retailers including German grocer Edeka are approaching a compromise in their months-long price fight but the outcome of talks remains open, a source close to the negotiations said on Tuesday. Edeka, Germany's largest supermarket group, had written to its stores this month recommending they expand a boycott of some...
PARIS, April 17- French supermarket retailer Casino posted a 3.1 percent rise in first-quarter sales on Tuesday that reflected stronger sales at its Geant Casino hypermarkets and a resilient performance in Brazil despite food inflation. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016 and which has been criticized by U.S. activist...
PARIS, April 17- French supermarket retailer Casino posted a 3.1 percent rise in first-quarter sales on Tuesday that reflected stronger sales at its Geant Casino hypermarkets and a resilient performance in Brazil despite food inflation. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016 and which has been criticized by U.S. activist...
The grocer plans to invest in education, wages and retirement benefits, saying tax law changes helped fund these efforts.
McDonald's recent sales growth should not be considered the norm, according to analysts at Stephens.
SYDNEY— Cash registers are working again at Woolworths Supermarkets in Australia. The company says a large number of its stores experienced an outage for about 30 minutes Monday because of an update to its IT systems. In a statement, Woolworths Group CEO Brad Banducci apologized to customers and employees for the inconvenience.
*Indonesia looking for new markets, promoting biodiesel use. JAKARTA, April 16- The Council of Palm Oil Producing Countries, a palm oil board led by Indonesia and Malaysia, said British supermarket chain Iceland's decision to remove palm oil from its own-brand food products misleads consumers. A demand boom for widely-used palm oil has led to palm plantations...
Craft coffee competition and questionable customer loyalty are likely to hamper Starbucks sales over the next two years, says Cowen.
The long hours and agitated customers could all be to your advantage.
The Impossible Slider is part of a wave of plant-based burgers that appeal to meat lovers. USAToday reports.
BRUSSELS— The European Union executive is seeking to protect farmers by imposing fines on retailers and supermarket chains using unfair trade practices. EU Farm Commissioner Phil Hogan said Thursday the plan was "about giving voice to the voiceless" as small-scale farmers across the EU have struggled to eke out a living when faced with the negotiating power...
April 12- Drug retailer Rite Aid, which is being bought by U.S. grocer Albertsons Cos Inc, posted smaller-than-expected fourth-quarter revenue, hurt by a decline in commercial business and prescription volumes. Revenue fell to $5.39 billion from $5.9 billion. Analysts had expected revenue of $5.57 billion, according to Thomson Reuters I/B/E/S.
